Tuesday, September 15, 2015

Do We Have to Stay Away from the Market?

The charts tell that we still could not predict whether the stock market would go higher or lower. We could see that the weekly charts of Dow Jones and S&P 500 say the market has broken its bullish channel and it is now moving downward.

djia weekly 15 sept 2015 s&p 500 weekly 15 sept 2015

However, if we take a look at the longer term charts, they're saying that we have to wait for any longer.

djia monthly 15 sept 2015s&p 500 monthly 15 sept 2015

It's recommended to wait until the charts show more proof about the trend, since there is a probability the market would bounce from its channel'support and continue to rally.


Repost from Protege Analysis


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